All Forum Posts by: Yuriy Skripnichenko

Trustart Realty is a locally owned property management company with vast knowledge and experience in the Philadelphia market. Proud NARPM Member (National Association of Residential Property Managers). Named Best Property Management Company in Philadelphia by Industry Oversight Report in 2021!

We operate a full-service real estate management company that provides professional property management and real estate brokerage services.

Check out this post to know why you should use property management.

We take on all the stress of property management so you can enjoy on truly passive income.

We screen and qualify tenants.

We prepare property condition reports.

We aggressively market your property.

We are available for maintenance 24/7.

We handle all maintenance and repairs.

We report rent payments/ non-payment to credit bureaus.

We remove headaches and increase income.

You and your tenants have 24/7 access to online portal.

We do this and much more.

Call us to discuss 267-214-5509

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Hi all,

Another “business friendly” act from city of Philadelphia.

If you rent your primary residence for period of less than 30 days, you must possess a zoning permit for limited lodging use. Beginning April 1, 2022, you will also be required to have a new limited lodging license.

If you rent a property that is not your primary residence for less than 30 days, you need a zoning permit for visitor accommodations. Beginning April 1, 2022, you will also be required to have a rental license with a ‘hotel’ designation.

You can find the bill details here and city FAQ for this here 

Cheers, 

Yuriy 

@Markus Powell

I sent you a DM. Looking forward to talking to you. 

Cheers, 

Yuriy 

@Brandon McNulty

Here you go 

Cheers, 

Yuriy

Hi all, new report from bright. 

 T3 Home Demand Index in six of the 11 counties in the Philadelphia Metro market area was in the High category. Philadelphia County and the New Jersey portion of the market area were all in the Steady or Slow category in August. Demand was High in the Salem-Cumberland market area and Moderate in Central Pennsylvania. Across the Greater Philadelphia market area, half of ZIP codes recorded a High or Moderate level of demand and roughly one-third were in the Slow or Limited category.

The hotest part of the city is NE Philly. 

Cheers, 

Yuriy

@Markus Powell

Feel free to reach out. We manage properties in Philadelphia. I'll be glad to discuss your needs.

Cheers, 

Yuriy

@Charles H.

By proper zoning I mean when zoning corresponds to the use or desired use of the property. 

Cheers, 

Yuriy 

@Charles H.

It depends on the zoning of the property. If it is zoned as a single family you will need to obtain a variation to use as something else.

However, if it has a proper zoning, you may be able to have your MF use by right. 

Always do your due diligence before buying to make sure it is something you can chew.

Cheers, 

Yuriy 

Hi all,

I keep encountering people who bought a property thinking that it was a duplex or a triplex. And later learned hard way that in reality the City sees it as a single family.

If you are looking at a MF property in Philadelphia, make sure that before closing on the deal you get city certification with the stated current use of the property. The use should be Two-family dwelling or Three-family dwelling. Also check eclipse for rental license records. The property must have a rental license that was active within last 2 years for the number of units that correspondents to the use. You can search for rental license here: https://eclipse.phila.gov/phillylmsprod/pub/lms/Default.aspx?PossePresentation=BusinessLicenseSearchByLocRent&IconName=Contract_Mag.png

Otherwise, you may be looking at a protectional zoning board hearing and obtaining variance, certificate of occupancy and more documents to make it legal and have proper rental license.

You can also check quick zoning guide here: https://www.phila.gov/documents/zoning-code-information-manual-quick-guide/

However, zoning doesn’t always = current use. You need to check before buying. You can have a property that is zoned as a SF with use as a MF and vice versa.

Cheers,

Yuriy

I'm excited to share the great news that we've been named Best Property Management Company by Industry Oversight Report in 2021!

They scored 324 Philadelphia Property Management companies across a variety of salient criteria, and TrustArt Realty has been recognized as the Top Property Management Company in Philadelphia. 

Trustart Realty is a locally owned property management company with vast knowledge and experience in the Philadelphia market. Proud NARPM Member (National Association of Residential Property Managers).

We operate a full-service real estate management company that provides professional property management and real estate brokerage services.

Check out this post to know why you should use property management.

Call us to discuss 267-214-5509

Feel free to DM with any questions or visit us at https://trustartrealty.com/